HSBC share price rises as AIA head Mark Tucker confirmed as new chairman

Investors in AIA did not welcome new they will lose Mark Tucker (Source: Getty)

Jasper Jolly

Hong Kong-listed shares in HSBC have risen as markets greet the announcement of Mark Tucker as its new chairman.

Shares on the Hang Seng index rose by 2.06 per cent at the time of publication, ahead of markets opening in London, where HSBC is also listed. The stock subesquently rose 1.2 per cent at the open in the UK.

Tucker will succeed Douglas Flint as chairman on 1 October. He will move from Asian insurer AIA, bringing his experience in Asia to bear on one of HSBC’s core areas.

AIA’s shares, also listed in Hong Kong, fell by more than three per cent as investors digested the news.